The legal position of cryptocurrency such as bitcoin is private financial assets. Bitcoin is legal in China. It is a virtual commodity just like the goods in the game. It is the object protected by our civil code. At the same time, in judicial practice, the court also recognizes the property attribute of bitcoin.

Does China's criminal law have jurisdiction over issuing currency abroad? Our country's laws and policies explicitly prohibit the issuance of coins. It is said that the issuance and financing of tokens, that is, the familiar love of Western Europe, is a red line. It is not only an illegal issue, but also may involve criminal risks such as illegal issuance, ticket donation, pyramid selling and illegal fund-raising.

However, some people are very smart. They go to other countries to engage in ACO, issue air coins, counterfeit coins, etc. can they escape the criminal law of China? Brother Tao told you very clearly: No. Why? Because there are four principles in the jurisdiction of our country's Criminal Law:

1. Territorial principle, where did you do it (I can issue it in other countries)

2. Personal principle, are you Chinese

3. The principle of protection, the most important thing is whether you have violated and aimed at the interests of China and Chinese citizens

4. The principle of universal jurisdiction, for some world problems, even if you avoid the first three, you can also use this principle to reconcile you

Therefore, it is very important to advise our compatriots not to contact air coins, counterfeit coins, etc.

(2021-4-7)